Insolvency and Bankruptcy Board of India invites comments on the Regulations notified under the Insolvency and Bankruptcy Code, 2016 till date

Insolvency and Bankruptcy Board of India invites comments on the Regulations notified under the Insolvency and Bankruptcy Code, 2016 till date

In a recent press release, the Insolvency and Bankruptcy Board of India (“IBBI”) has invited comments from public on the various regulations notified by the IBBI under the Insolvency and Bankruptcy Code, 2016 (“Code”) till date.

It is informed that the comments received between 4th July, 2017 and 31st December, 2017 will be processed together and thereafter regulations will be modified to the extent considered necessary. The IBBI intends to notify modified regulations by 31st March, 2018 and bring them into force on 1st April, 2018.

Background:

In exercise of the powers conferred by Section 240 of the Code, IBBI has notified the following regulations till date:

5.Select the regulations, you wish to make a comment upon, from the dropdown menu;

6. The selected regulations can be found by clicking the pdf icon right next to the ‘select regulations’ option.

7. The stakeholders can select either general comments or specific comments from the comment section.

8. The stakeholders have the option to make comments on more than one regulations, or more than one regulation / sub-regulation number, by clicking on more comments and repeating the process outlined above.